Class-B Office May Have To 'Reinvent Itself' As Vacancy Hits Another Historic High
With vacancy at historic highs, tenants should find good deals in Class-A buildings, and that could mean tough times for Class-B.
With vacancy at historic highs, tenants should find good deals in Class-A buildings, and that could mean tough times for Class-B.
Many office tenants are considering cutting their real estate footprints, but first they need to make sure remote workers can be productive long-term.
Remote work will end for tens of thousand of city workers as of May 3.
Office rental rates have essentially stayed the same this year, but mostly because so little leasing has taken place. All that could change in the coming year.
With leasing activity reaching its lowest point since before 2000 and availability rising, the future of Manhattan office remains uncertain.
Company estimates that office fit-outs use 4% of world's natural resources
S.F. shows signs of a strong recovery based on a VTS Office Demand Index report, which captures aggregate tenant interest based on office property tours.
Subway sandwich franchisee proposes massive Birmingham office development.
How are office owners managing space in the new normal?
San Francisco office recovery will be slow and challenging, and tenant demand will steer the course, industry players said at a Bisnow webinar.
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